10 July 2008substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial NEW FRONTIER ENERGY INC shareholding (11.38% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 June 2008securities registration● Neutral
NEW FRONTIER ENERGY INC amended an already-effective registration statement.
5 June 2008securities registration● Neutral
NEW FRONTIER ENERGY INC amended an already-effective registration statement.
9 May 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC President Paul G Laird bought 3,000 shares on the open market.
1 May 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC director Grant I Gaeth bought 5,000 shares on the open market at $1.13.
1 May 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC Chief Financial Officer Les Bates bought 22,069 shares on the open market at $1.13.
17 Apr 2008securities registration● Neutral
NEW FRONTIER ENERGY INC filed the final prospectus for a registered offering.
11 Apr 2008securities registration● Neutral
NEW FRONTIER ENERGY INC amended a filing by which it registered a securities offering with the SEC.
28 Mar 2008securities registration● Neutral
NEW FRONTIER ENERGY INC amended a filing by which it registered a securities offering with the SEC.
11 Mar 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC director Grant I Gaeth bought 2,700 shares on the open market.
25 Feb 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC Chief Financial Officer Les Bates bought 1,000 shares on the open market at $1.14.
20 Feb 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC President Paul G Laird bought 14,500 shares on the open market.
19 Feb 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC Chief Financial Officer Les Bates bought 1,000 shares on the open market at $1.12.
14 Feb 2008substantial holder notice● Neutral
Wellington Management Company, LLP reported a NEW FRONTIER ENERGY INC shareholding of 480,290 shares (4.78% of votes) in a periodic institutional filing.
13 Feb 2008substantial holder notice● Neutral
Adam Benowitz, Vision Opportunity Master Fund, Ltd reported a NEW FRONTIER ENERGY INC shareholding of 645,949 shares (9.99% of votes) in a periodic institutional filing.
28 Jan 2008security holder rights change● Neutral
The board extended the expiry of warrants over 4,750,803 shares at $1.11 (plus the Series B placement agent warrants) from February 1, 2008 to May 1, 2008; all other terms are unchanged. Holders get more time to exercise; the filing does not say whether any have been or will be exercised.
7 Jan 2008director interest notice● Neutral
NEW FRONTIER ENERGY INC President Paul G Laird bought 1,000 shares on the open market at $1.19.
31 Dec 2007asset acquisition disposition● NeutralMajor
On December 26, 2007 the company bought the general partner interest in Slater Dome Gathering (the 18-mile pipeline from the Slater Dome Field to the Questar line at Baggs, Wyoming) from Natural Resource Group Gathering for $1,075,000: $268,750 in cash plus a $806,250 note at 2.5% due December 31, 2008. The company now owns 100% of the general partner interests and 82.76% of the Class A limited partner interests, and is entitled to 84.487% of cash distributions until the limited partners recover their capital and 87.07% after (the earlier figures of 74.487% and 62.07% are superseded). The seller is half-owned and managed by CEO Paul Laird, so this is a related-party deal; the price was based on a valuation by Vanderpool Pipeline Engineers.
30 Nov 2007director interest notice● Neutral
NEW FRONTIER ENERGY INC President Paul G Laird bought 2,000 shares on the open market.
29 Nov 2007director interest notice● Neutral
NEW FRONTIER ENERGY INC director Grant I Gaeth bought 150 shares on the open market at $1.21.
7 Nov 2007securities registration● Neutral
NEW FRONTIER ENERGY INC amended a filing by which it registered a small-business securities offering with the SEC.
19 Oct 2007substantial holder notice● Neutral
Adam Benowitz, Vision Opportunity Master Fund, Ltd disclosed a new substantial NEW FRONTIER ENERGY INC shareholding (9.99% of votes).
1 Aug 2007material agreement● Neutral
On July 31, 2007 the company and Clayton Williams amended the Focus Ranch farmout again: Clayton Williams will assign the unit to the company within seven days of a written request, no earlier than August 15, 2007 and no later than 15 days after production operations are completed, and will resign as operator and vote for the company as successor. The company waived the condition that rights to the road to the unit be transferred. This continues the June 2007 Focus Ranch deal and gives the company control over when the assignment happens.
31 July 2007securities registration● Neutral
NEW FRONTIER ENERGY INC registered a small-business securities offering with the SEC.
18 July 2007material agreement● NeutralMajor
On July 17, 2007 the company formally documented the board-seat right it gave Iris Energy Holding Corp. in the Series C deal, effective December 1, 2006: Iris can appoint directors equal in number to those not appointed by it. The right ends if Iris holds fewer than 35,000 Series C preferred shares and fewer than 3,500,000 common shares, if the company raises $20,000,000 or more in equity or convertible securities before December 1, 2009, or on December 1, 2009. The filing says Iris bought 260 units for $13,000,000 in December 2006 and January 2007. This gives the Series C investor continuing influence over the board, and follows the earlier note that Faliks was carved out as not an Iris appointee.
21 June 2007securities registration● Neutral
NEW FRONTIER ENERGY INC filed the final prospectus for a registered offering.
14 June 2007securities registration● Neutral
NEW FRONTIER ENERGY INC amended an already-effective registration statement.
5 June 2007material agreement● NeutralMajor
Effective June 4, 2007 the company signed an amended farmout agreement with Clayton Williams Energy to become operator of and acquire Clayton Williams's interest in the Focus Ranch Unit (about 38,695 gross acres in Routt County, Colorado, next to Slater Dome, with one gas well). It must begin testing the Niobrara and Frontier formations in the Focus Ranch Federal 12-1 well by August 1, 2007, or plug and abandon the well and reclaim the site and road. If commercial production is established, Clayton Williams gets a $2,000,000 production payment from 35% of net proceeds. The lease assignment is still subject to conditions. This is a new expansion beyond Slater Dome; the company owns 82.76% of the limited partnership interest in the gathering line that would carry any gas.
16 Mar 2007capital raising announcement● Neutral
This amendment only corrects the placement agent warrants for the January 16, 2007 final closing, to 291,429 at $1.05, 291,429 at $1.50 and 145,716 at $2.00 (down from the 624,762, 624,762 and 312,388 first reported). All other terms of the $9,447,500 closing and the press release are repeated unchanged.
12 Mar 2007director interest notice● Neutral
NEW FRONTIER ENERGY INC director Grant I Gaeth bought 18,667 shares on the open market at $0.75.